Stephen is Co-head of Orrick's European
Restructuring team, and brings significant experience in advising banks,
bondholders and corporate groups on restructuring and banking matters.
Praised for his ‘pragmatic and clear
advice’ by Legal 500 UK, Stephen's
practice focuses on advising alternative credit providers, hedge funds and the
special situation arms of investment banks. He and the team are well-placed to
handle cross-border mandates as a result of Orrick's extensive European, Asian
and US network of offices.
describe Stephen as ‘very
savvy from a commercial point of view. He understands what goals we are trying
to achieve and finds a legal way to get us there’
Stephen has authored and published
several articles in market leading business sector titles and is regularly
quoted in national and sector press.
Having begun his career in Asia advising creditors affected by the Asia
Currency Crisis, he returned to London to advise bondholder committees on High
Yield / Fallen Angel bond restructurings in the early to mid-2000s.
During the global financial crisis Stephen’s experience focused on leverage
finance restructurings and bank restructurings.
recent engagements include advising the Ocean Rig group in its
restructuring of USD 4bn debt through a Cayman scheme of arrangement, the special committee
of the board of Seadrill Partners (SDLP) in respect of a transaction which
insulated SDLP from the restructuring efforts of its parent company, Seadrill Limited, and the trustee of the High Yield Bonds of
Pages Jaunes which was connected to the restructuring of the indebtedness of
the Solocal group. In 2017 Stephen advised the trustee of the bonds of Edcon in
its restructuring, a deal which American Lawyer awarded the Global
Restructuring Deal of 2017.